The Inventory Turnover Ratio Is Represented by Which of the Following

question 203

Multiple Choice

The inventory turnover ratio is represented by which of the following formulas?

• A)net credit sales / average inventory
• B)average inventory / net credit sales
• C)cost of goods sold / average inventory
• D)average inventory / cost of goods sold

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Definitions:

Secondary Reinforcer

A stimulus that gains its reinforcing power through association with a primary reinforcer.

Latent Learning

Learning that occurs without apparent reinforcement, but is not demonstrated until a motivation is present.

Cognitive Maps

Mental representations of the layout of one's environment, enabling an individual to navigate through physical spaces.

Learning Sets

The concept in psychology that refers to the idea that learning is facilitated through the experience of solving similar problems, leading to an ability to generalize problem-solving strategies.